GMI , BCR Broker Comparison

Do you want to know which is the better broker between GMI and BCR ?

In the table below, you can compare the features of GMI , BCR side by side to determine the best fit for your needs.

  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
WikiFX rating
Score
Regulatory Status
WikiBit Guarantee
WikiFX Survey
Risk Evaluation
WikiFX exposure
Basic Information
Established
Regulatory license
MT4
MT5
Cryptocurrency
Deposit and withdrawal method
Benchmark
Transaction environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account
Accounts
Account name
Products
Funding Requirement
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum position
Cryptocurrency
Lock postition
Scalping
EA trading
7.36
Regulated
Under guarantee
--
--
--
5-10 years
FCA,VFSC
--
AAA
A
420.1
63
172
63
1974
1974
1908
AA

EURUSD: 0.1

XAUUSD: --

29
-6
29
A
14.52 USD/Lot
28.43 USD/Lot
AAA

Long: -6.54

Short: 4.7

Long: -0.01

Short: 0.01

AAA
0.3
165.2
Standard Bonus,Standard,Cent,ECN
--
$25
1:2000
--
0.00
--
--
--
8.09
Regulated
Under guarantee
--
10-15 years
ASIC,FSC
--
A
A
398.6
78
78
78
1812
1812
1672
C

EURUSD: 2.7

XAUUSD: -0.3

8
--
8
A
11 USD/Lot
31.56 USD/Lot
A

Long: -5.91

Short: 1.87

Long: -7.51

Short: 1.2

C
1.6
33.1
ALPHA ,STANDARD ,SWAP-FREE
--
$500
1:400
0.0+
0.00
--
--
--

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of gmi, bcr, and undefined lower?

2.Are the transaction costs and expenses of gmi, bcr lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

gmi

General Information & Regulation

GMI (Global Markets Index) was established in 2009 and has been operating in 8 different countries worldwide for over a decade. GMI has accumulated over a decade of experience in serving traders worldwide. GMI is authorized and regulated by the UK Financial Conduct Authority (license number:677530) and also regulated by the Vanuatu Financial Services Commission offshore.

Markets Instruments

GMI supports over 50 common financial instruments ranging from gold to forex, mainly over 40 major currency pairs, gold, silver, energy, indices, and cryptocurrencies.

Minimum Deposit

Four account options are listed on GMI (Global Markets Index) platform: standard, standard bonus, cent and ECN accounts. The minimum initial deposit for opening a standard account is only $25, sounds the good options for new traders to have a try.

image.png

Leverage

In terms of trading leverage, GMI (Global Markets Index), as a UK based broker established by the EMSA regulation offers the leverage of up to 1:30 for forex instruments, 1:20 for minor currency. Trader who open an accounts under its Vanuatu entity can enjoy the higher leverage of up to 1:200 or 1:300.

Spreads & Commissions

The minimum spread on the GMI Market is 0.56 pips for EURUSD, 0.62 pips for GBPUSD, 2.8 pips for USDJPY, and 2.8 pips for USDCHF. The spreads start at 0.6 pips for XAUUSD, 2.1 pips for XAUGBP, 2.4 pips for USOil, 2.1 pips for UKOil, and 0.71 pips for Natural Gas. The lowest spread on Wall Street is from 2.8 pips, the lowest spread on HIS HDK is from 22.3 pips, the lowest spread on Bitcoin USD is from 48 pips, and the lowest spread on Ether USD is from 3 pips.

Trading Platforms

GMI offers traders the flexibility to choose from the MT4 trading platform, as well as MT4 for Android, MT4 for iOS, and MT4 for PC/Mac. MT4 is a popular platform with powerful charting tools and technical analysis tools, as well as a user-friendly interface that is ideal for traders of all levels.

Deposit and Withdrawal

GMI welcomes various easy, secure and fast deposit and withdrawal methods, including bank transfers. All account types accept bank or electronic transfers, and GMI does not accept third-party withdrawals. Withdrawals under $1000 are processed immediately by GMI; withdrawals between $1000 - $19999 require manual review and are sent to the payment provider for verification within 24 hours. Withdrawals over $20,000 may take up to 4 business days.

Trading Hours

Global Market Index follows standard office hours and 24-hour trading hours Monday to Friday. With that said, trading sessions may vary by market.

Customer Support

GMI offers a range of customer support options, available 24/5 via online contact form, telephone at 400-606-3399, email at cs@gmimarkets.com, live chat engines accessible from the relevant logos on the contact us webpage.

bcr

General Information & Regulation

Founded in 2008, headquartered in Australia, BCR is an online broker offering Contracts for Difference (CFDs) on 6 asset classes: forex, metals, commodities, indices, cryptocurrencies, and shares. BCR is a trading name of the Bacera Co that is licensed and regulated by the Australian authorization ASIC, with registration number 328794. BCR Co Pty Ltd (BCR Global) is authorised and regulated by British Virgin Island Financial Services Commission (certificate no. SIBA/L/19/1122).

Market Instruments

BCR company provides six types of CFD trading, Forex, Precious Metals, Commodities, Indices, Cryptocurrencies, and stocks, providing customers with a high level of liquidity and a trading system without traders. The business model is STP straight-through.

Minimum Deposit of BCR

When it comes to the minimum deposits required by BCR, this broker gives its traders a choices of three accounts, the Alpha account, the Platinum account, and the Standard account. The minimum deposit for opening an standard and swap-free account is $300, while the Alpha account requires a minimum of $500. Compared with BCR, the standard accuounts by most brokers only needs a minimum initial deposit of $100 to $200.

image.png

Leverage of BCR

BCR sets the level of leverage from 1:20 to 1:400, and users can choose flexibly in light of their own needs. and the maximum leverage is 400:1. The spreads of Alpha account are as low as 0.0 pips, main spread of Platinum account starting from 1.1 pips, and main spread of Standard account as low as 1.7 pips.

Spreads & Commissions of BCR

BCR features the floating spreads. The lowest floating spread of major currencies is 1.6, the lowest floating spread of precious metal products is 40, the lowest floating spread of commodities is 10, the lowest spread of index products is 5, and the lowest floating spread of cryptocurrencies is 500. The lowest floating spread for stocks is 10. There is a commission charged on CFD trades on the USD/CNH instrument and Share CDF trades. This fee is a flat fee per lot that has been determined at this companys direction, US$50/AU$50 per lot for USD/CNH trades and $20 USD/AUD per lot for Share trades. Besides, a three-day swap applied on wendesday.

Trading Platform

BCR offers its trader the famous and widely used MT4 trading platform, with its interface intutive and easy to use. Traders can get help from more than 200 custom indicators and EAs. It supports more than 22 languages, highly configurable and highly customizable, available for desktop and portable devices.

Deposit & Withdrawal

BCR accept traders to fund their accounts via bank wire transfer, Skrill, UnionPay, Visa/MasterCard credit card, Neteller. BCR doesn't charge any internally extra fees, yet any international telegraphic transfer fees will be passed to the client or other charges of their provider are solely their responsibility.

Are the transaction costs and expenses of gmi, bcr, and undefined lower?

Are the transaction costs and expenses of gmi, bcr lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To fully understand how much will gmi, bcr, undefined cost, we first consider the common costs of standard accounts. At gmi, the average spread of EURUSD currency pairs is --, at bcr, the spread is 0.0+, and at undefined, the spread is --.

To get a comprehensive understanding of how cheap or expensive gmi and bcr are, we first considered common fees for standard accounts. On gmi, the average spread for the EUR/USD currency pair is -- pips, while on bcr the spread is 0.0+.

Which broker between gmi, bcr, and undefined is safer?

Which broker between gmi, bcr is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

gmi is regulated by FCA,VFSC. bcr is regulated by ASIC,FSC. undefined is regulated by undefined.

gmi is regulated by FCA,VFSC. bcr is regulated by ASIC,FSC.

Which broker between gmi, bcr, and undefined provides better trading platform?

Which broker between gmi, bcr provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

gmi provides trading platform including Standard Bonus,Standard,Cent,ECN and trading variety including --. bcr provides trading platform including ALPHA ,STANDARD ,SWAP-FREE and trading variety including --. undefined provides trading platform including undefined and trading variety including --.

gmi provides trading platform including Standard Bonus,Standard,Cent,ECN and trading variety including --. bcr provides trading platform including ALPHA ,STANDARD ,SWAP-FREE and trading variety including --.

Looking for more references? The following are other comparisons related to gmi, bcr, undefined:

Looking for more references? The following are other comparisons related to gmi, bcr:

Select Country/District
  • Hong Kong

    hk.wikifx.com

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;+44-7517747077
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com